Common use of Quorum of Members Clause in Contracts

Quorum of Members. Unless otherwise provided in the Articles, the holders of a majority of the Membership Interests entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of Members, but in no event shall a quorum consist of the holders of less than one-third (1/3) of the Membership Interest entitled to vote for each voting class, if more than one class, and thus represented at such meeting. The vote of the holders of a majority of the Membership Interests entitled to vote for each class, if more than one class, shall be the act of the Members’ meeting, unless the vote of a greater number is required by law, the Articles or this Operating Agreement.

Quorum of Members. Unless otherwise provided in the Articles, the holders of a majority of the Membership Interests entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of Members, but in no event shall a quorum consist of the holders of less than one-third (1/3) of the Membership Interest entitled to vote for each voting class, if more than one class, and thus represented at such meeting. The vote of the holders of a majority of the Membership Interests entitled to vote for each class, if more than one class, shall be the act of the Members’ ' meeting, unless the vote of a greater number is required by law, the Articles or this Operating Agreement.